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Sep 23, 2010
09/10
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spending at 2008 levels, repeal the health care law, end government control of fannie mae and freddie mac, and extend bush tax cuts permanently. the plan isn't exactly original. in 1994, newt gingrich unveiled "the contract of america" that helped the gop take back the house that year. with this plan, they made clear that they want to take america back to the same failed economic policies that caused this recession. here's former president clinton's advice for democrats addressing the american people. >> which idea is most likely to work. that ought to be the debate. what are we going to do? who's more likely to do it? and i think -- i believe they should say, give us two more years to do this. if it work, you can throw us all out. >> j.d. hayward joins me now. j.d. got a lot of support from the tea party folks in his day. it looks like in many ways the republicans are trying to capitalize on some of that enthusiasm, some of that fervor. do you think their pledge to america stands up to what those people would expect, j.d.? >> i think it's an important first step, contessa. i think people
spending at 2008 levels, repeal the health care law, end government control of fannie mae and freddie mac, and extend bush tax cuts permanently. the plan isn't exactly original. in 1994, newt gingrich unveiled "the contract of america" that helped the gop take back the house that year. with this plan, they made clear that they want to take america back to the same failed economic policies that caused this recession. here's former president clinton's advice for democrats addressing the...
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Sep 30, 2010
09/10
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freddie mac says a 30-year fixed loan is down to 4.32%, the lowest on records dating back to 19 1. a 15-year mortgage fell to a record low 3.75%. another new report finds one in every four homes sold in the second quarter were deeply discounted foreclosed homes. the mortgage rates and foreclosed home, it's great news if you can afford to buy. foreclosed homes about 26% cheaper than homes not in the foreclosure process. >>> jobs, first time claims for unemployment benefits dropped last week for the third time in four weeks. silver lining. as for the overall economy, the final numbers are in and the economy grew by a very weak 1.7%. up slightly from the previous estimate of 1.6%. let's check on trading. wall street, the numbers have gone south after initially surging on the better than expected reports on jobs and gdp the dow jones off by 57 points. jim la camp is a senior vice president with macro portfolio advisers. how are investors interpreting the very weak growth with the gdp? >> melissa, when you look at how investors react, sometimes bad news is good news. bernanke talked abo
freddie mac says a 30-year fixed loan is down to 4.32%, the lowest on records dating back to 19 1. a 15-year mortgage fell to a record low 3.75%. another new report finds one in every four homes sold in the second quarter were deeply discounted foreclosed homes. the mortgage rates and foreclosed home, it's great news if you can afford to buy. foreclosed homes about 26% cheaper than homes not in the foreclosure process. >>> jobs, first time claims for unemployment benefits dropped last...
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Sep 14, 2010
09/10
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in massachusetts, nbc's first read is asking whether stephen lynch will coast a victory against the mac d'alessandro. at this moment, the powerful igor appears to be headed straight for bermuda. take a look, in fact, we have video from nasa. igor is now a category 4 hurricane. it is expected to reach the bahamas this weekend and then forecasters believe it will downgrade it to a cat 2. just this morning, though, julia was upgraded to a category 1 hurricane. the storm lingering in the atlantic, it's not threatening land now. >>> well, was it sexual harassment or just what might some consider locker room antics that got out of hand. a female sports reporter from mexico assigned to interview mark san xhez is now at the center of an nfl investigation and, quite honestly, she's the talk of the internet. this weekend she tweeted about feeling uncomfortable in the jets' locker room. well jets' owner woody yawnson called the reporter ines sainz to apologize how she was treated. in an interview sainz said she wasn't threatened or harassed. so what really happened here? joining me is ines sainz.
in massachusetts, nbc's first read is asking whether stephen lynch will coast a victory against the mac d'alessandro. at this moment, the powerful igor appears to be headed straight for bermuda. take a look, in fact, we have video from nasa. igor is now a category 4 hurricane. it is expected to reach the bahamas this weekend and then forecasters believe it will downgrade it to a cat 2. just this morning, though, julia was upgraded to a category 1 hurricane. the storm lingering in the atlantic,...
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Sep 23, 2010
09/10
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they want to repeal the national health care law and mortgage giants fannie mae and freddie mac and they want to make the bush tax cuts permanent. those are some of the main facefa facets and president obama is coming on stage right now and we'll hear from him and his national security speech. >> the president, when you recall when he first went before this world stage basically said to folks there that he knows that there are a lot of expectations accompanying my presidency. let's listen in to hear what his second message is before the u.n. general assembly. >> there are also challenges that we share in common as leaders and as nations. we meet within an institution built from the rubble of war. designed to unite the world in pursuit of peace. and we meet within a city that for centuries has welcomed people from across the globe. demonstrating that individuals of every color, faith and station can come together to pursue opportunity. build a community. and live with the blessing of human liberty. outside the doors of this hall, the blocks and neighborhoods of this great city tell the st
they want to repeal the national health care law and mortgage giants fannie mae and freddie mac and they want to make the bush tax cuts permanent. those are some of the main facefa facets and president obama is coming on stage right now and we'll hear from him and his national security speech. >> the president, when you recall when he first went before this world stage basically said to folks there that he knows that there are a lot of expectations accompanying my presidency. let's listen...
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Sep 22, 2010
09/10
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>> numbers and they are locking at homes sold in july with freddie mac mortgages and prices were down 3.3% in july. we have been seeing price recovery through february, march, april and that was all thanks to the home buyer tax cred. the concern was when you started to see the sales drop off, which we already did, prices are a lagging indicator and they are showing that turn around to the negative. big price drops in the mountain region and they also revised june numbers, adding numbers from the end of the month showing that prices started to weaken towards the end of june. once again, the effect of that home buyer tax credit not only pushing down sales, but now beginning to push down home values. chris? >> diana, thank you so much. >>> a rising threat from home-grown radicals is making terrorist plots harder to detect and more likely to succeed. that's what we're expecting to hear from top homeland security officials today including fbi director and homeland security secretary. they are going before that senate committee to discuss security and terror threats. justice correspondent p
>> numbers and they are locking at homes sold in july with freddie mac mortgages and prices were down 3.3% in july. we have been seeing price recovery through february, march, april and that was all thanks to the home buyer tax cred. the concern was when you started to see the sales drop off, which we already did, prices are a lagging indicator and they are showing that turn around to the negative. big price drops in the mountain region and they also revised june numbers, adding numbers...
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Sep 23, 2010
09/10
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hundreds of other companies may also be affected, including mortgage giants fannie mae and freddie mac because they use it to service their loans. joining me now real estate broker attorney and consumer advocate tara nicole nelson and, tara, all of this happened because a person at gmac mortgage admitted in depositions that he was unlawfully signing off on foreclosures by the thousands without reviewing this paperwork. apparently, robo signing documents is what they're calling it. >> abslooluteabsolutely. this man's nickname included the word robot. so, what happened was there is a 13-person unit of ali financial, gmac mortgage that is responsible only for signing off on all these foreclosure documents. a couple homeowners sued them saying they had not done this process correctly. this particular individual was responsible, not just for signing them, but also for reviewing the underlining files and making sure there were justifications for foreclosing on these homes and in these depositions on these lawsuits he made the admission that, in fact, what he really did instead of review file
hundreds of other companies may also be affected, including mortgage giants fannie mae and freddie mac because they use it to service their loans. joining me now real estate broker attorney and consumer advocate tara nicole nelson and, tara, all of this happened because a person at gmac mortgage admitted in depositions that he was unlawfully signing off on foreclosures by the thousands without reviewing this paperwork. apparently, robo signing documents is what they're calling it. >>...
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Sep 17, 2010
09/10
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can get a salad at mcdonald's and you can get a small hamburger versus that what looked like a big mac in the commercial being clutched by the man on the gurney. so, really, isn't it up to consumers to figure out what they want for themselves? >> well, yeah. i mean, mcdonald's goal is to make money, that's obvious. i don't want to stop them from doing that. but what i want to do is inform people who may not know that a small hamburger or even a salad at mcdonald's, a salad might have more fat than the big ma xrrx. it's the calories, it's the fat, it's the saturated fat and cholesterol and i'm not sure, i'm quite sure that most people don't understand what those numbers mean exactly. i take it as my responsibility to educate the public to make informed decisions. >> susan, do you have plans with your group to also do commercials targeting burger king, kfc, because it's my understanding, i know you have this airing primarily in the washington, d.c., area, which has a larger preponderance of these fast food restaurants per capita than other see cities of its size. are you going to go afte
can get a salad at mcdonald's and you can get a small hamburger versus that what looked like a big mac in the commercial being clutched by the man on the gurney. so, really, isn't it up to consumers to figure out what they want for themselves? >> well, yeah. i mean, mcdonald's goal is to make money, that's obvious. i don't want to stop them from doing that. but what i want to do is inform people who may not know that a small hamburger or even a salad at mcdonald's, a salad might have more...